Quantcast

Metro East Sun

Monday, November 25, 2024

Wood River residents pay $3.4 million in Municipal Sales Tax in 2020

12edited

Wood River taxpayers paid $3.4 million in Municipal Sales Tax in 2020, according to Illinois tax records.

This is an increase over the year before when $3.1 million was collected.

The Municipal Sales Tax is collected for municipal governments' use.

Illinois is the highest taxed state in the US.

A 2021 study from Wallet Hub found Illinois taxes are 38.95 percent higher than the national average.

Illinois governor J. B. Pritzker is accused of adding more than $5.2 billion in new or higher taxes since coming into power in early 2019. As a business owner, he has a fortune of more than $3 billion, largely based on his family's wealth and connections.

Municipal Sales Tax collected in Wood River in recent years
YearAmount Collected% Change from Previous Year
2020$3,359,3998.7
2019$3,090,961-1.8

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS